Australia and Oceania: Milking Machine Market 2024

Milking Machine Market Size in Australia and Oceania

In 2022, the milking machine market in Australia and Oceania decreased by -8.1% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2018 indices. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Milking Machine Production in Australia and Oceania

In value terms, milking machine production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Milking Machine Exports

Exports in Australia and Oceania

In 2022, shipments abroad of milking machines was finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 44%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, milking machine exports declined sharply to $X in 2022. Overall, exports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2014 when exports increased by 46%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand dominates exports structure, resulting at X units, which was approx. 91% of total exports in 2022. It was distantly followed by Australia (X units), achieving an 8.8% share of total exports.

New Zealand was also the fastest-growing in terms of the milking machines exports, with a CAGR of -4.9% from 2012 to 2022. Australia (-30.2%) illustrated a downward trend over the same period. New Zealand (+59 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -59.3% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest milking machine supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was held by Australia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand was relatively modest.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, with a decrease of -41.4% against the previous year. In general, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by 208% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+24.6%).

Milking Machine Imports

Imports in Australia and Oceania

In 2022, overseas purchases of milking machines were finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a pronounced decline. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, milking machine imports surged to $X in 2022. Overall, imports enjoyed a moderate expansion. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, recording X units, which was near 98% of total imports in 2022. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the milking machines imports, with a CAGR of +3.4% from 2012 to 2022. New Zealand (-29.9%) illustrated a downward trend over the same period. While the share of Australia (+42 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-42.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported milking machines in Australia and Oceania, comprising 98% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 1.6% share of total imports.

In Australia, milking machine imports increased at an average annual rate of +8.1% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, surging by 6% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milking machine import price increased by +140.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 92% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.9%).

Source: IndexBox Platform

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